Despite the overall crypto market weakness Xrp is still holding and even rejecting the lower support trendline of the symmetrical triangle pattern. Xrp also created another short term triangle within the long term triangle, so two major breakouts might happen pretty soon.
And Xrp is almost back to the upper resistance trendline of the shorter term triangle pattern. A breakout is immanent and if the entire crypto space finally starts the next major move towards the upside, specifically Xrp will most likely capitalize overproportionally
Over the past three months, Xrp more than quadrupled its price, perfectly following the bullish triangle breakout analysis. Now we actually have a new triangle emerging which could lead to another massive breakout and an all time high rally. But after the recent pump, a short term retracement is quite likely.
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